Stifel Financial Corp. (NYSE:SF) Receives $87.75 Consensus Price Target from Analysts

Stifel Financial Corp. (NYSE:SF) has been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $90.40.

Several equities analysts recently commented on the stock. TD Cowen increased their price objective on shares of Stifel Financial from $85.00 to $88.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. StockNews.com raised Stifel Financial from a “hold” rating to a “buy” rating in a research note on Thursday. Wells Fargo & Company assumed coverage on shares of Stifel Financial in a report on Thursday. They issued an “overweight” rating and a $101.00 price objective for the company. Wolfe Research downgraded shares of Stifel Financial from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $105.00 target price on shares of Stifel Financial in a research report on Monday.

Stifel Financial Price Performance

SF stock opened at $84.28 on Tuesday. The company’s 50-day moving average price is $84.30 and its two-hundred day moving average price is $80.59. Stifel Financial has a 12 month low of $54.81 and a 12 month high of $90.00. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $8.63 billion, a P/E ratio of 19.15 and a beta of 1.09.

Stifel Financial (NYSE:SF) last issued its earnings results on Wednesday, July 24th. The financial services provider reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.06. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.18 billion. Stifel Financial had a return on equity of 13.24% and a net margin of 11.59%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. On average, analysts anticipate that Stifel Financial will post 6.55 earnings per share for the current fiscal year.

Stifel Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.68 dividend on an annualized basis and a yield of 1.99%. Stifel Financial’s dividend payout ratio (DPR) is currently 38.18%.

Institutional Investors Weigh In On Stifel Financial

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its holdings in Stifel Financial by 1,818.8% in the second quarter. Versant Capital Management Inc now owns 307 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 291 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Stifel Financial in the 1st quarter worth about $32,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Stifel Financial in the 1st quarter valued at about $33,000. Rothschild Investment LLC acquired a new position in Stifel Financial during the 2nd quarter valued at about $64,000. Finally, Bessemer Group Inc. increased its holdings in Stifel Financial by 388.3% during the 1st quarter. Bessemer Group Inc. now owns 796 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 633 shares in the last quarter. Institutional investors and hedge funds own 82.01% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States and internationally. It operates in three segments: Global Wealth Management, Institutional Group, and Other.